1. Calculate the employer's payroll taxes expense. Round your answer to the nearest cent.

2. Prepare the journal entry to record the employer's payroll taxes expense for the week ended July 15 of the current year. Round your answers to the nearest cent, if required. If an amount box does not require an entry, leave it blank.

Portions of the payroll register for Barneys Bagels for the week ended July 15 are shown below. The SUTA tax rate is 5.4%, and the FUTA tax rate is 0.6%, both of which are levied on the first $7,000 of earnings. The Social Security tax rate is 6.2% on the first $118,500 of earnings. The Medicare rate is 1.45% on gross earnings.

Barneys Bagels Payroll Register
	Total Taxable Earnings of All Employees
Total Earnings	Unemployment Compensation	Social Security
$12,200	$10,500	$12,200

2. Prepare the journal entry to record the employer's payroll taxes expense for the week ended July 15 of the current year. Round your answers to the nearest cent, if required. If an amount box does not require an entry, leave it blank. Page: DOC. POST DEBIT CREDT DATE ACCOUNT TITLE NO. REF DEBIT 1 20- July 15 Payroll taxes expense Social Security tax payable Medicare tax payable FUTA tax payable SUTA tax payable 4 4